CHINA REBAR: Prices rise amid increased pre-holiday buying

China’s domestic rebar prices gained some upward momentum on Monday September 28 on a strengthening of demand.

Domestic
Eastern China (Shanghai): 3,620-3,650 yuan ($530-535) per tonne, up by 10-20 yuan per tonne
Buyers raised procurement rates during the day to stock up on materials for consumption during the Golden Week. The October 1-8 break marks China’s National Day.

A trader in eastern China said his sales volume on Monday was a third higher...

Published

Jessica Zong

September 28, 2020

09:35 GMT

Shanghai